In game theory, a focal point (or Schelling point) is a solution that people tend to choose by default in the absence of communication. (wikipedia)
Intuitively I think simplicity is a good explanation for a solution being converged upon.
Does anyone have any crisp examples that violate the schelling point—occam’s razor correspondence?
Are shelling points the occam’s razor of mechanism design?
Intuitively I think simplicity is a good explanation for a solution being converged upon.
Does anyone have any crisp examples that violate the schelling point—occam’s razor correspondence?